Austin, tech, and 18 hours

Over the past decade, Austin has evolved from its ‘college town’ attitude into a dynamic metro with a dense urban core. In its new report, CBRE identifies key trends helping the Texas capital join the ranks of America’s major cities.

Office: due to robust employment growth, Austin’s office market is setting record highs in absorption and rents, while reaching new post-recession vacancy lows.

Multifamily: the city’s ever strengthening workforce and the influx of millennials willing to pay for access to the central city’s cultural offerings has changed the face of multifamily, which has added 5,824 multifamily units to its urban core since the beginning of 2015.